Blog

Coverdash, the leading embedded insurtech specializing in business insurance, is thrilled to announce its SOC 2 certification. This certification underscores Coverdash's unwavering commitment to maintaining the highest standards of data security and highlights our dedication to providing secure insurance solutions to our customers. What is SOC Certification? SOC 2 certification demonstrates Coverdash's ability to protect sensitive customer information and maintain rigorous controls. The audit evaluates the suitability of our controls and adherence to operating effectiveness. Widely recognized as standard for data security, this significant milestone assures that customer data is securely handled. Coverdash's core mission is to simplify the process of buying and managing business insurance for a slew of customers, including e-commerce merchants, gig workers, startups, and business owners across all industries. We offer a comprehensive suite of commercial insurance products, including liability, property, workers' compensation, and cyber insurance. The SOC 2 certification is a foundational qualification that underscores Coverdash's devotion to data security and our commitment to the highest standard of service. "Obtaining SOC 2 certification is a major milestone for Coverdash," said Avery Rubin, CTO of Coverdash. "It validates our dedication to prioritizing the security and privacy of our customers' data. By meeting these rigorous data security standards, we can provide a reliable and secure insurance platform for businesses of all sizes. We are proud of this achievement and will continue to enhance our services to meet the evolving needs of our clients." Coverdash's achievement of SOC 2 certification showcases our dedication to excellence and the importance we place on safeguarding customer data. As we continue to grow and expand our offerings, customers can rest assured that their insurance needs are in the hands of a trusted and secure partner. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner

Today, Linqqs, a one-stop-shop for employee benefits and HR solutions for SMBs and Coverdash, the leading embedded insurtech specializing in business insurance, announced a partnership to expand its financial services offering, making business insurance yet another compelling reason for customers to choose Linqqs as their go-to business and benefits advisor. By way of Coverdash’s leading embedded insurance technology, Linqqs customers can now quote, bind, and pay for tailored business insurance policies in a matter of seconds, all without leaving the Linqqs platform. Through Coverdash’s relationships with many of the world's most recognized insurers, Linqqs small business customers can get the coverage they need at the industry’s most affordable rates. "Our mission has always been to be the premier one-stop shop for customers' comprehensive financial services needs," said Terry Kennedy, CEO of Linqqs. "Through our strategic partnership with Coverdash, we have taken another significant stride in fulfilling this commitment by expanding our core customer offering to include essential business insurance solutions." "We are thrilled to partner with Linqqs, a leading player in the business advisory space, aligning with our shared vision of providing customers with a seamless and comprehensive financial services experience," said David Vainer, COO and Co-Founder of Coverdash. "By collaborating with Linqqs, we are furthering our mission to deliver exceptional business insurance solutions, enhancing the value we bring to businesses and empowering them to thrive." The strategic partnership between Linqqs and Coverdash not only enhances the breadth of Linqqs' offerings but also empowers the SMB community with accessible security and effective risk management solutions. This collaboration enables businesses to navigate uncertainties with confidence, paving the way for their long-term success. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner About Linqqs Linqqs Business Concierge helps you consolidate your employee benefits with one partner so you can connect the services and strategies you need to uncover savings, retain employees, gain efficiencies, and increase profit. The Company provides a broad range of employee benefits services to a range of businesses across all 50 states.

Introduction New York, NY - June 6, 2023 - Since launching our SMB insurance agency earlier this year, Coverdash has observed a concerning trend within the startup community: a widespread and growing problem of underinsurance, overexposure, and lacking risk management practices. This issue has impacted founders, investors, and employees, leaving them vulnerable to potential losses and lawsuits. A recent study revealed that a staggering 75% of startups in the U.S. are underinsured by 40% or more. The Startup Underinsurance Conundrum The underinsurance problem amongst startups has compounded in 2023, as founders face challenging economic times. To preserve their runway, many startups have been forced to cut corners on proper risk management practices, unknowingly exposing themselves to significant downside risk. Recognizing the need for proper risk management practices in the startup ecosystem, Coverdash is on a mission to provide accessible solutions to all startups, regardless of their business life cycle (Pre-Funded through IPO). Since our launch earlier this year, Coverdash has already made a significant impact by assisting dozens of startups and founders in navigating the complex world of insurance. Coverdash's Mission and Solution True to our mission, Coverdash is now launching a startup insurance offering tailored specifically to the needs of each startup. Through Coverdash's digital insurance experience, startup founders can now source fully-bindable insurance quotes from the nation's leading insurance companies, all within minutes. This streamlined process saves valuable time and ensures that startups can obtain the coverage they need to protect their businesses effectively. Instant Decision Management Liability for Startups As part of this release, Coverdash is proud to be the first digital insurance provider of its kind to expand its core offering to include instant decision/instant bind Management Liability products, which are universally required by the venture capital community and other investors. These comprehensive solutions provide essential coverage for various aspects of a startup's operations: * Directors & Officers (D&O) Insurance: This coverage offers financial protection for a startup’s founders, executives, and board members against claims related to management decisions. It covers legal defense costs, settlements, and judgments, safeguarding personal assets in case of lawsuits alleging mismanagement or breach of fiduciary duty. This coverage is universally required by the venture capital and other investor communities. * Employment Practices Liability (EPLI) Insurance: EPLI protection guards against claims related to employment practices, such as discrimination or wrongful termination. It covers legal defense costs, settlements, and judgments, and may also include coverage for wage disputes and retaliation claims. * Fiduciary and Crime Insurance: This insurance provides financial protection for startups against claims related to employee theft, fraud, or embezzlement. It also safeguards against claims alleging breach of fiduciary duty or errors in employee benefits plans. Fiduciary and Crime insurance covers legal defense costs, settlements, and judgments, making it crucial for startups of all sizes that offer employee benefit plans. Full Suite of Coverage: Coverdash's Comprehensive Startup Insurance Offering With the addition of Management Liability (D&O, EPLI, Crime, and Fiduciary), Coverdash can now cater to the full business insurance needs of startups of all shapes and sizes across the nation. In addition to Management Liability coverage, Coverdash's full startup insurance offerings include: * General Liability: General Liability insurance provides essential coverage for startups against third-party claims for bodily injury, property damage, or advertising liability. It covers legal defense costs, settlements, and judgments, protecting the business from financial losses due to accidents, injuries, or damage caused by the startup's operations. This coverage is universally required by landlords and shared workspace providers. * Business Owner's Policy (BOP): A Business Owner's Policy is a comprehensive insurance package that combines multiple coverages into a single policy, tailored to meet the specific needs of startups. It typically includes General Liability insurance, Property insurance, and Business Interruption insurance. This all-in-one solution offers convenience and cost savings, providing coverage for common risks faced by startups. The liability coverage that is included is universally required by landlords and shared workspace providers. * Workers Compensation: Workers Compensation insurance is crucial for startups with employees. It provides coverage for medical expenses, lost wages, and rehabilitation costs if an employee suffers a work-related injury or illness. This insurance not only protects the employees but also safeguards the startup from potential lawsuits arising from workplace injuries. This coverage is a legal requirement in most states in the U.S. * Cyber Insurance: In today's digital age, Cyber Insurance is vital for startups that handle sensitive customer data or rely on technology systems. It offers protection against data breaches, cyberattacks, and other cyber risks. Cyber Insurance covers costs related to data recovery, legal expenses, notification and credit monitoring for affected individuals, and potential liability arising from a cyber incident. * Professional Liability Insurance: Professional Liability insurance, also known as Errors and Omissions (E&O) insurance, is essential for startups that provide professional services or advice. It offers financial protection against claims of negligence, errors, or omissions in the services provided. This coverage helps cover legal defense costs, settlements, and judgments, safeguarding the startup from potential lawsuits that could arise from professional mistakes or inadequate advice. Revolutionizing Risk Management Practices Coverdash's tailored startup insurance is set to revolutionize risk management practices within the startup community. By providing easily accessible and fully-bindable insurance quotes in minutes, founders can now focus on building their businesses with confidence, knowing that they have the necessary coverage to mitigate risks. In conclusion, Coverdash's launch of tailored startup insurance is a significant step towards addressing the rampant underinsurance problem within the startup community. By offering accessible and comprehensive insurance solutions, Coverdash aims to empower founders, investors, and employees with proper risk management practices and financial protection. With the addition of instant decision/instant bind Management Liability products and a range of other coverage options, Coverdash is ensuring that startups have the necessary coverage to thrive in today's challenging economic landscape. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner

Introduction Professional Employer Organizations (PEOs) have long been instrumental in providing comprehensive HR solutions to businesses nationwide. However, the seamless placement of business insurance has remained a persistent challenge for PEOs and a pain point for businesses of all sizes. The reliance on conventional methods, such as traditional insurance brokers, has resulted in outdated processes and unsatisfactory customer experiences. Thankfully, Coverdash has introduced its groundbreaking embedded insurance solution that transforms the landscape. Through a strategic partnership with AdvanStaff HR, clients can now effortlessly access a wide range of commercial insurance products, all conveniently hosted on the AdvanStaff platform. The Limitations of Traditional Approaches: PEOs have traditionally struggled to provide streamlined access to commercial insurance for their clients. While their master plans often cover workers' compensation, clients frequently require additional coverage outside the PEO's scope. This reliance on brick-and-mortar insurance brokers has led to fragmented and disappointing insurance experiences for businesses. The lack of integration and outdated processes have made obtaining comprehensive coverage a hassle for PEO clients. The Coverdash and Advanstaff HR Partnership: Transforming Insurance Placement The collaboration between Coverdash and AdvanStaff HR marks a groundbreaking shift in insurance placement for PEO clients, infusing the process with a renewed sense of innovation. By seamlessly integrating an extensive portfolio of commercial insurance products, including General Liability, Business Owners Policies, Workers’ Compensation, Cyber, Professional Liability, and Management Lines, directly onto the AdvanStaff platform, clients now gain unparalleled access to customized business insurance options from industry-leading carriers. Benefits of the Coverdash Solution: * Simplified Access: Coverdash's insurance products are integrated into the AdvanStaff platform, allowing clients to explore and obtain coverage options conveniently in minutes. The centralized location eliminates the need to navigate multiple platforms and external insurance brokers * Expanded Coverage Options: Coverdash's comprehensive suite of insurance products addresses the diverse needs of businesses. PEO clients can find general liability, professional liability, business owners' policies, workers’ compensation, cyber insurance, management liability, and more within the AdvanStaff platform. This expanded range of options ensures businesses have the necessary protection to effectively mitigate risks. * Modern and Digital Experience: The Coverdash platform offers a user-friendly and intuitive interface, enabling PEO clients to quote, bind, and pay for their policies within minutes. All processes, from submitting claims to accessing policy documents, can be completed online, enhancing efficiency and convenience. * Superior Customer Support: The partnership between Coverdash and AdvanStaff HR combines the expertise of two customer-centric organizations. PEO clients benefit from exceptional support throughout the insurance process, with prompt assistance and responsive service to address any inquiries or concerns. Conclusion: The partnership between Coverdash and AdvanStaff HR is revolutionizing insurance distribution within the PEO sector. Through seamless integration, expanded coverage options, a modern digital experience, and superior customer support, businesses now have a streamlined and efficient way to obtain comprehensive insurance coverage. The collaboration sets a new standard for the industry and empowers PEO clients with the tools they need to protect their businesses effectively. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner About AdvanStaff Headquartered in Las Vegas, Nevada, AdvanStaff HR has been helping businesses grow and scale since 1993.  As a PEO (Professional Employer Organization), AdvanStaff relieves the employer of many of the mundane responsibilities they face every day.  They are experts in fields of payroll processing, benefit administration, employee onboarding, human resource compliance, workers compensation and safety programs administration, and much more. AdvanStaff's HR Cloud platform includes the staff, tools, and systems to provide expertise, efficiency, and administrative relief that allows the business owner, managers, and staff to focus on their core competencies, serving customers, and growing the business.

Today, Coverdash the leading embedded insurtech specializing in business insurance, and 1840 & Company, a leading global platform for human capital and freelance talent solutions, announced a strategic partnership to revolutionize the way businesses, startups, and freelancers protect their professional assets, projects, and services. A Broad Range of Tailored Insurance Solutions By leveraging Coverdash's cutting-edge embedded insurance experience, participants in 1840 & Co.'s marketplace, including freelancers and rapidly growing companies seeking to hire top talent, now have access to the comprehensive business insurance coverage necessary to protect both clients and freelancers from potential liabilities and risks. This includes General Liability, Professional Liability, Business Owner’s Policy, Worker’s Compensation, Cyber Insurance, and Management Liability. This groundbreaking collaboration ensures that businesses and freelancers can operate with confidence, knowing they are adequately covered in an ever-evolving professional landscape. Innovative Approach for Businesses & Freelancers Coverdash's relationships with many of the world’s most recognized insurers, combined with 1840's innovative approach to talent acquisition and business growth, ensures that both businesses and freelancers have access to insurance solutions uniquely suited to their needs. Coverdash’s insurance offerings are designed to provide robust protection for small businesses, larger corporations, or individual freelancers who are not yet incorporated. Effortless Process for Instant Coverage Obtaining coverage is now a smooth and hassle-free journey for 1840 customers and freelance market participants comprising of three straightforward steps: Step 1: Fill out a form with key details about your business or freelance services. Step 2: Based on your needs, you’ll be provided with a set of quotes for a range of customized insurance products. Step 3: Complete the checkout process and obtain instant access to your policy documents and certificates of insurance. “1840’s partnership with Coverdash is a testament to our dedication to providing our clients with comprehensive solutions for every aspect of their business,” states Bryan DiGiorgio, CEO and founder of 1840 & Company. “Not only do we help you hire and manage the best remote talent, but we also ensure that you’re protected with tailored insurance solutions.” "We are thrilled to partner with 1840 & Co. in revolutionizing the way businesses and freelancers protect their professional assets," says Ralph Betesh, CEO and co-founder of Coverdash. “This partnership showcases our agility and commitment to delivering innovative solutions quickly. In less than a week, we stood up this embedded integration, and Coverdash is ready to support the needs of all 1840 marketplace participants.” Learn More Interested in learning more about 1840's new business insurance solutions? Visit https://www.1840andco.com/business-insurance to discover a customizable insurance plan for you. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner About 1840 & Company Founded with the vision of revolutionizing the future of work, 1840 & Company provides global, vetted talent and teams to businesses seeking sustainable growth. With a reach across 150 countries, their services span from providing vetted freelancers and outsourced teams to direct placement of core employees. 1840’s approach is focused on reducing structural costs and providing scalability, facilitating an efficient, data-driven, and compliant working environment.

Today, Coverdash, the leading embedded insurtech specializing in business insurance, and Prosal, a web-based RFP marketplace for gig workers, freelancers, and SMBs, have joined forces to offer a unique and streamlined embedded insurance solution for Prosal users. With this new partnership, users can now easily source the exact business insurance coverage required to meet each RFP's compliance standards, and automatically upload evidence of coverage in seconds. Daily threats and risks, including accidents, lawsuits, property damage, and cybersecurity issues, pose a significant challenge to the livelihoods of all types of businesses, including gig workers, freelancers, and consultants. Without proper insurance coverage, these risks can lead to substantial financial losses and severely disrupt operations. Prosal users can now mitigate these risks and gain protection for the unexpected, giving them peace of mind to focus on their work and what truly matters. By leveraging Coverdash's cutting-edge embedded insurance technology, users can obtain customized insurance policies in seconds, without ever leaving the Prosal platform. Through Coverdash’s relationships with many of the world’s most recognized insurers, Prosal users can get the coverage they need at the industry’s most affordable rates. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner About Prosal Prosal is a web-based RFP marketplace that enables gig workers, freelancers, and SMBs to win their next business opportunity. Prosal has disrupted the RFP process and enables the new age workforce to bid for larger scope projects without being faulted for their size. Prosal is focused on empowering underrepresented minorities in their pursuit for financial freedom and economic independence. Since launch, Prosal has facilitated over $100 million in contracted work in industries such as marketing, communications, web design, strategic planning, fundraising, DEIB, and more.

Today, Coverdash, the leading embedded insurtech focused on business insurance, and SumIt, a tailored money management platform designed for freelancers, have announced an embedded partnership to enable SumIt users to conveniently obtain essential insurance coverage for themselves and their businesses directly through the SumIt mobile app and website. Coverdash’s industry-leading embedded insurance technology empowers freelancers to quote, bind, and pay for tailored insurance policies in a matter of seconds, all without leaving the SumIt Platform. Through Coverdash’s relationships with many of the world’s most recognized insurers, SumIt customers can get the coverage they need at the industry’s most affordable rates. Whether you're a content creator, consultant, gig worker, or filling any other self-employed role, ensuring optimal work-life efficiency and obtaining adequate insurance coverage are paramount. SumIt is a tailored financial management platform designed exclusively for freelancers. It offers a holistic view of their finances, assists them in achieving success, enables planning for a secure future, and now provides insurance protection. With this partnership, freelancers now have access to a truly comprehensive one-stop-shop for their financial journey. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner About SumIt Designed specifically for freelance professionals, SumIt is a personalized financial management platform that's backed by a Fortune 250 company. SumIt empowers its users on their path to success by consolidating their finances, analyzing profitability, and facilitating future savings. SumIt can help you achieve financial freedom and optimize your work-life efficiency. To get started with a free account or learn more, visit MySumit.com.

Today, Coverdash, the leading embedded insurtech company focused on business insurance, and Goliath Cyber Security Group, a firm that specializes in providing comprehensive Cyber Advisory Services, have announced a partnership that enables new and existing Goliath customers to get proper cyber and other business insurance protection online. Coverdash's cutting-edge embedded insurance solution has provided Goliath with yet another compelling reason for customers to turn to them for all their cybersecurity needs. In addition to the cyber advisory services Goliath already provides, customers can now quote, bind, and pay for customized insurance policies in seconds without leaving the Goliath platform. With the increasing prevalence of cyberattacks and data breaches, businesses are more vulnerable than ever before to a wide range of digital threats that can result in financial loss, reputational damage, and legal liabilities. Having the right cyber security advisor and proper risk management practices is essential for protecting a business and ensuring its longevity. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner About Goliath Cyber Security Group Goliath Cyber Security Group specializes in providing comprehensive cyber advisory services to help protect businesses from wide array of cyber threats. Combining over 25+ years of IT security experience, the Company employs the world’s leading security architects and IT engineers, ensuring that its clients receive the highest level of security support.

Today, Coverdash, the leading embedded insurtech focused on business insurance, and LocalWorks, a leading flexible shared-workspace provider in the U.S. with over 40 locations across 8 states, announced an embedded partnership allowing new and existing co-working members to get required insurance policies in seconds without leaving the LocalWorks platform. The partnership aims to protect the interests of both LocalWorks and its members by ensuring that they are well-covered in any unforeseen circumstances. Through Coverdash's innovative embedded insurance experience, members can quickly and easily get customized insurance policies and their required certificates of insurance instantly. Proper liability insurance is crucial for landlords to ensure that they are not assuming third-party liability. In case of an accident where a client of a company renting a space has an unforeseen incident, both the coworking space and the business may face legal action. By providing access to insurance directly through the LocalWorks platform, Coverdash and LocalWorks are making it easier for businesses to obtain the coverage they need to protect themselves and their operations. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner About LocalWorks In more than 40 locations in 8 states, LocalWorks provides no lease, inexpensive work solutions for individuals and businesses seeking private, dedicated office space. LocalWorks provides perfect spaces for budding businesses, or businesses looking to expand. LocalWorks offers ideal locations with offices that include all the amenities to get your business going, including wifi, furniture, and office sizes that suit each member’s needs.